Sentence issued in Ponzi scheme


HONOLULU (AP) — A man who operated a Ponzi scheme on Kauai was sentenced to nearly four years in prison.

Peter Heckmann was sentenced Thursday to 44 months in federal detention. He must also pay about $1.6 million in restitution. He pleaded guilty in April to wire fraud.

A Honolulu grand jury indicted Heckmann on wire fraud charges five years ago. Prosecutors said he fled to Bali, where he was operating a recording studio and record label.

The FBI launched a social media campaign to generate interest in an international manhunt.

He surrendered at the airport after voluntarily returning to Honolulu.

Defense attorney Peter Wolff asked for leniency because of Heckmann’s heart condition. Judge Helen Gillmor said she takes his medical condition seriously but is keeping his sentence within the guideline range.

 

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